Frodo Ltd. acquired 40% of Ring Inc. common shares onJanuary 1st, 2018. Frodo paid to Ring??scommon shareholders $800,000 in cash and issued them new 20,000Frodo??s

Frodo Ltd. acquired 40% of Ring Inc. common shares onJanuary 1st, 2018. Frodo paid to Ringâ??scommon shareholders $800,000 in cash and issued them new 20,000Frodoâ??s common shares with $2 par valu 1 answer